January – 19, 2024 – The Sustainable Banking and Finance Network (SBFN) welcomes the Association of Banks in Jordan (ABJ) as its newest member.
ABJ is the banking association of Jordan which was established in 1978. As an esteemed member of the Union of Arab Banks, ABJ is dedicated to enhancing the banking industry. The core objectives encompass safeguarding the interests of its members, modernizing banking services, fostering comprehension of banking practices and standards, and maintaining adherence to unified regulations and procedures.
ABJ has actively encouraged sustainability initiatives within the banking sector and has supported the Central Bank of Jordan (SBFN member since 2016) in the development and implementation of the Green Financing Strategy (2023-2028).
“SBFN wholeheartedly welcomes ABJ as its newest member. We look forward to working with ABJ to create an enabling environment that facilitates the management of environment, climate, social and governance risks (ESG) and performance in the financial sector, and develop innovative products to encourage the capital flow to sectors and activities that achieve environmental and social objectives,” said Rong Zhang, SBFN Global Coordinator.
“We extend our sincere gratitude to the Sustainable Banking and Finance Network (SBFN) for providing the Association of Banks in Jordan (ABJ) with the opportunity to become a member. Joining this esteemed network marks a significant milestone for ABJ, encouraging our commitment to sustainable banking practices.” This partnership aligns seamlessly with our ongoing efforts to encourage sustainability within the banking sector. Jordan is moving towards a green economy through its economic vision 2033, and ABJ, through its affiliation with SBFN, aims to play an integral role in driving this transition. We believe that through SBFN, we can amplify our impact and contribute to shaping a more sustainable future” said Dr. Maher Al-Mahrouq, ABJ Director General.